(Bloomberg) -- Corn futures in Chicago rose for the
first day in three after China's state-owned grain forecaster
said the world's second-largest producer may cut exports of the
animal feed and boost overseas purchases to meet domestic demand.
China's corn exports may fall 60 percent to 2 million metric
tons in the year through September 2008, while imports may rise
fivefold to 500,000 tons, Wang Xiaohui, a director at China
National Grain and Oils Information Center, said in an interview
in Beijing today. Lower Chinese sales may lead to greater demand
in Asia for supplies from other producers, including the U.S.
Read more at Bloomberg Commodities News
first day in three after China's state-owned grain forecaster
said the world's second-largest producer may cut exports of the
animal feed and boost overseas purchases to meet domestic demand.
China's corn exports may fall 60 percent to 2 million metric
tons in the year through September 2008, while imports may rise
fivefold to 500,000 tons, Wang Xiaohui, a director at China
National Grain and Oils Information Center, said in an interview
in Beijing today. Lower Chinese sales may lead to greater demand
in Asia for supplies from other producers, including the U.S.
Read more at Bloomberg Commodities News
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